Envestnet Portfolio Solutions Inc. Takes $348,000 Position in Zscaler, Inc. $ZS

Envestnet Portfolio Solutions Inc. acquired a new position in Zscaler, Inc. (NASDAQ:ZS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,110 shares of the company’s stock, valued at approximately $348,000.

A number of other large investors have also recently bought and sold shares of ZS. SVB Wealth LLC bought a new stake in Zscaler in the first quarter worth $26,000. Goodman Advisory Group LLC bought a new stake in Zscaler in the first quarter worth $29,000. N.E.W. Advisory Services LLC bought a new stake in Zscaler in the first quarter worth $29,000. Exane Asset Management boosted its holdings in Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in Zscaler in the first quarter worth $33,000. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares of the company’s stock, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 7,006 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares in the company, valued at approximately $23,263,655.24. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock valued at $11,406,825 over the last three months. 18.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

ZS has been the subject of a number of recent research reports. Rosenblatt Securities upped their price objective on shares of Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted their target price on shares of Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Barclays boosted their target price on shares of Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Piper Sandler upped their price objective on shares of Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Price Performance

ZS opened at $318.77 on Friday. Zscaler, Inc. has a one year low of $164.78 and a one year high of $319.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The company’s 50 day simple moving average is $289.57 and its 200-day simple moving average is $273.74. The stock has a market capitalization of $50.46 billion, a P/E ratio of -1,180.63 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. During the same period in the prior year, the firm earned $0.88 earnings per share. Zscaler’s revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.